MANILA, Philippines – Property developer Sta. Lucia Land Inc. (SLI) has deferred a follow-on offering (FOO) or re-initial public offering of shares worth P8.4 billion, citing “volatile” market conditions. The decision to defer the FOO was made upon further consideration and extensive discussions between SLI and China Bank Capital, issue manager, underwriter and bookrunner, SLI...
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Cebu City―DMCI Homes, the real estate arm of DMCI Holdings Inc., expanded its landbank with the acquisition of a 9,695-square-meter property in Barangay Lahug in this city. The Lahug property is the second land acquisition made by DMCI Homes in Cebu after acquiring a lot in Barangay Guadalupe where another residential community will rise. “Cebu is one of the fastest-growing economies i...
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MACTAN, Cebu – DMCI Holdings, Inc. is beefing up its investments in Cebu as it banks on the government’s Build, Build, Build program to boost business activity, particularly for the construction and real estate sectors. In a media briefing, DMCI Chairman Isidro A. Consunji said residential developer DMCI Homes has acquired two properties in Cebu which it will develop into their sign...
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LISTED Sta. Lucia Land Inc. (SLI) announced on Friday that it recently opened its P500-million mixed-use development at Barangay Rizal, Silay City, Negros Occidental. In a filing with the local bourse, the listed property developer said that the 67-hectare (ha) La Alegria Residential Estates, which it described as the “Paris of Negros Occidental,” is the second project development o...
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By James Loyola Housing and resorts developer 8990 Holdings Inc. announced the passing of its President and Chief Executive Officer Willibaldo J. Uy. In a disclosure to the Philippine Stock Exchange, 8990 said the company deeply mourns the passing of Uy and “will continue to remember and appreciate his achievements for, and contributions to, the company.” A veteran of the Phil...
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MANILA, Philippines — Damosa Land Inc.’s (DLI) premier agro-industrial hub Anflo Industrial Estate Corp. (AIEC) eyes more investments as large international contingents flock to Davao City. Well-known foreign manufacturers have chosen to expand their Philippine operations in AIEC’s 63-hectare Philippine Economic Zone Authority-approved ecozone. “After seeing what indu...
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